Legal Question in Wills and Trusts in California
Mother's trust says her house has to sell at the end of three years after the date of her death.
What happens if it does not sell?
This house is in Riverside County in California.
Asked on 11/18/10, 3:43 pm
1 Answer from Attorneys
That would depend on whether or not any of the beneficiaries want to force a sale. If there is no one to protest the failure to sell the property, then even though it is a technical violation of the trust instrument, there would be no repercussions. Of course if I were the trustee, I would not want to risk the beneficiaries changing their minds down the road, for example if real estate prices went even lower. So I would sell it for whatever I could get for it after three years.
Answered on 11/23/10, 4:19 pm
Related Questions & Answers
-
Will stolen. can we get a copy of my nothers will? Asked 11/18/10, 4:15 am in United States California Probate, Trusts, Wills & Estates
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
